Editor's Note:

Additional Trading Ideas:

In addition to tonight's new candidate(s), consider these stocks as possible trading ideas and watch list candidates. Many of these need to see a break past key support or resistance:

(bearish ideas) PAY, ACTG, CLF, LRN,

(bullish ideas) FTR, CNL, DORM, STX, YPF, NGLS, MDSO


NEW BEARISH Plays

Synaptics Inc. - SYNA - close: 24.78 change: -0.68

Stop Loss: 26.55
Target(s): 22.00
Current Gain/Loss: + 0.0%

Entry on September 26 at $ xx.xx
Listed on September 25, 2011
Time Frame: 3 to 6 weeks
Average Daily Volume = 439 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
SYNA is a technology company. Unfortunately for shareholders the stock has been showing a lot of relative weakness. SYNA is down four weeks in a row. Now shares are in the process of breaking major support near $25.00.

I do consider this a higher-risk, more aggressive trade because SYNA has already seen a big move down but today's break under support could signal another big leg down. We want to limit our risk and keep our position size small.

I am suggesting new bearish positions at the open tomorrow with a stop loss at $26.55. Our first target is $22.00.

*Small Positions*

Suggested Position: short SYNA stock @ (the open)

- (or for more adventurous traders, try this option) -

buy the Oct $25 PUT (SYNA1220v25) current ask $1.15

Annotated chart: